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Saturn Oil & Gas Inc. T.SOIL

Alternate Symbol(s):  T.SOIL.WT.A | OILSF

Saturn Oil & Gas Inc. is a Canada-based energy company. The Company’s focus is to advance the exploration and development of its oil and gas properties in Alberta and Saskatchewan. It has assembled a portfolio of assets in Southeastern Saskatchewan, West Central Saskatchewan and Central/Northern Alberta that provide an inventory of economic drilling opportunities across multiple zones. The Company's producing properties in Southeast Saskatchewan includes Oxbow assets, which are geologically concentrated within the Mississippian-aged, Midale and Frobisher oil formations and the Bakken assets concentrated in the Bakken formation of Southeast Saskatchewan. The producing properties in West Central Saskatchewan consist of Viking assets. The producing properties in Central Alberta consist of Cardium assets. The producing properties in North Alberta consist of assets located in the Kaybob and Deer Mountain areas of Alberta.


TSX:SOIL - Post by User

Bullboard Posts
Post by Boazzon Aug 25, 2008 11:28pm
336 Views
Post# 15409300

A Star is Born

A Star is Born

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2008) - LomikoResources Inc. ("Lomiko" or the "Company") (TSX VENTURE:LMR) announcestoday that it has received a letter from the Saskatchewan Ministry ofEnergy and Resources stating it is processing coal lease applicationson 56,832 Ha. The area is located in southwestern Saskatchewan andrepresents approximately six (6) townships, including the formerKelfield Mine.

Historic records show that coal was mined near Kelfield from theUpper Cretaceous Belly River (Judith River) Formation (Source:Saskatchewan Geological Survey, 2003). Several of the other Belly Rivercoal occurrences referenced by the SGS 2003 also have coal sampleanalyses, including two outcrop samples from the Saskatchewan Landingarea, two outcrop samples from the Kerrobert and Unity areas, and asubsurface sample from an oil-well near Brock.

In support of Lomiko's application for an exploration permit,Lomiko will submit the exploration plan to the Ministry. These planswill include review and compilation of the information available fromvarious sources, fieldwork and analysis.

The technical information contained in this release has beenreviewed by Dennis Nikols, P.Geol, Technical Advisor for LomikoResources Inc. and Qualified Person as defined by National Instrument43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF LOMIKO RESOURCES INC.

KEN MORGAN, President & Chief Executive Officer

We seek safe harbor. This press release has been prepared by management.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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